How to Read
Chart Patterns for Greater Profits144 pages, by Clif Droke

ISBN# 0979257204

Market technician Clif Droke
explains the best methods used for spotting profitable, top-performing
stocks. How to Read Chart Patterns for Greater Profits explains
the how-to of predicting which stocks will rally or decline based
on the formation of price patterns combined with the internal
state of the market.

Using his experience as a chart
reader and internal momentum expert, you will be lead on the
path to successful chart reading. Actual chart examples of winning
trades from the author's newsletter are among the explanations
provided in the book in showing you how to profit from chart
patterns *before* the breakout occurs. Unlike classical
chart pattern analysis (i.e., Edwards & Magee), the progressive
techniques detailed in this book are based on anticipating stock
moves before they occur. This is done by a careful reading
of the market's internals as well as the internal momentum of
the stock sector in which the individual stock trades.
Easy-to-understand examples of this method are explained in the
book along with instructions on how to create your own internal
momentum indicators with minimal effort.

The "new style" of
chart reading for today's fast-paced financial markets is both
anticipatory and confirming in nature. A trader's approach should
combine a top-down with a bottom-up style of market analysis.
That's the philosophy that underlies this book and is explained
in depth throughout and richly illustrated with actual market
examples. As stated in the book, "To successfully
read and trade a particular chart pattern with consistent accuracy,
one must not only learn to read the conditions of the broad market
but of the stock in which the trader is moving in." Clif
Droke will show you how it's done.

Here are the contents for
How to Read Chart Patterns for Greater Profits:

Determine the condition of
the overall stock market as defined by the main trend of the
major stock indices (especially the S&P 500) and the Two
Second Rule.x

Determine the condition of
the specific sector of which the stock in question is a member
as well as the condition of the sector versus the broad market
(i.e., relative strength).x

Determine the internal condition
of the stock itself using a basic set of rules. All of
this is necessary before the chart pattern can be properly evaluated.x

Discover which fundamental
tools work best in chart trading.x

Examine profiles in past chart
pattern breakouts as the pattern was forming (these examples
were taken from Clif's newsletters as recommended trades). See
what technical/fundmaental signals were used to spot the breakout
before it occurred and determine the best time for taking profits.x

Find out what internal momentum
is and why you absolutely need to know this crucial concept when
trading stocks. Internal momentum is perhaps the single
most important element in successful chart pattern trading and
it is explained in depth in Chapter 2 of this book.x

Learn the best way to use
trading volume when analyzing stock charts (it's not what Edwards
& Magee taught!)x

Find out how the MACD indicator
can be used for maximum effect when analyzing chart patterns.x

Learn the best way to use
trading channels and moving averages in individual stock charts
to spot entry and exit points in stock trades.x

Discover a great way to make
company earnings work to your advantage in the stock you're trading.

Order today to receive your autographed copy and a FREE 1-month
trial subscription to the Momentum Strategies Report. Published
three times weekly, the MSR newsletter uses the method described
in this book for making profitable stock trades.

Purchase your copy for $24.95
plus shipping!

How to Read Chart Patterns
for Greater Profitsby
Clif Droke
Published May 2007